Author: Andrew Kalotay

[ad_1] The following analysis is based on “Tax-Smart Portfolio Valuation and Performance Measurement,” Andrew Kalotay’s forthcoming article in the Journal of Portfolio Management, and Kalotay’s “Tax-Efficient Trading of Municipal Bonds,”…

[ad_1] In “The True Value of Your Muni Portfolio,” I considered alternative ways of quantifying the investor-specific value of a taxable portfolio. The market value is not suitable, because liquidating…